Deutsche Beteiligungs AG (DE:DBAN)
XETRA:DBAN
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Deutsche Beteiligungs
(XETRA:DBAN)
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Rating:58Neutral
Price Target:
€27.00
▲(5.68% Upside)
Action:ReiteratedDate:05/09/26
The score is mainly held back by inconsistent financial performance, including the shift to TTM losses and weaker free cash flow, despite a relatively solid balance sheet. Technicals are mildly supportive with the price above key moving averages and a positive MACD. Valuation is mixed: a strong dividend yield helps, but a negative P/E reflects recent profitability pressure.
Positive Factors
Diversified fee + investment model
DBAN earns both recurring management fees and investment income from its own balance sheet, creating dual revenue streams. Recurring fees provide stable, predictable cash inflows while principal investing offers upside via realized gains, reducing reliance on a single revenue source over multi‑quarter horizons.
Negative Factors
Volatile profitability
A swing from multi‑year profitability to a TTM operating loss signals underlying earnings instability. For an asset manager reliant on performance fees and realized gains, inconsistent operating profit undermines earnings predictability, complicates budgeting, dividend sustainability, and investor confidence over the next several quarters.
Read all positive and negative factors
Positive Factors
Negative Factors
Diversified fee + investment model
DBAN earns both recurring management fees and investment income from its own balance sheet, creating dual revenue streams. Recurring fees provide stable, predictable cash inflows while principal investing offers upside via realized gains, reducing reliance on a single revenue source over multi‑quarter horizons.
Read all positive factors
Deutsche Beteiligungs (DBAN) vs. iShares MSCI Germany ETF (EWG)
Market Cap
€479.53M
Dividend Yield4.99%
Average Volume (3M)17.57K
Price to Earnings (P/E)―
Beta (1Y)0.75
Revenue Growth-41.23%
EPS Growth-108.85%
CountryDE
Employees97
SectorGeneral
Sector StrengthN/A
IndustryAsset Management
Share Statistics
EPS (TTM)-0.29
Shares Outstanding18,804,993
10 Day Avg. Volume10,242
30 Day Avg. Volume17,568
Financial Highlights & Ratios
PEG Ratio-0.35
Price to Book (P/B)0.62
Price to Sales (P/S)12.14
P/FCF Ratio-21.47
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
€33.73Price Target Upside32.03% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering3
EPS Forecast (FY)2.48
Revenue Forecast (FY)€91.84M
Deutsche Beteiligungs Business Overview & Revenue Model
Company Description
Deutsche Beteiligungs AG is a private equity firm specializing in direct and fund of fund investments. Within direct investments the firm specializes in expansion capital, management buyout, middle market, growth capital, add-on acquisitions, brid...
How the Company Makes Money
DBAN makes money through two main channels: (1) private equity investing for its own balance sheet and (2) asset-management activities for funds it advises/manages. From its own-investment activities, DBAN earns investment income such as gains rea...
Deutsche Beteiligungs Financial Statement Overview
Summary
Income Statement
44
Neutral
Balance Sheet
72
Positive
Cash Flow
53
Neutral
| Breakdown | TTM | Dec 2025 | Sep 2024 | Sep 2023 | Sep 2022 | Sep 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 97.58M | 32.84M | 114.07M | 160.76M | -52.56M | 224.62M |
| Gross Profit | 86.78M | -49.19M | 107.77M | 157.44M | -53.69M | 223.13M |
| EBITDA | -14.01M | -26.34M | 55.46M | 110.62M | -94.44M | 186.94M |
| Net Income | -5.01M | 24.70M | 47.51M | 105.78M | -97.56M | 185.13M |
Balance Sheet | ||||||
| Total Assets | 820.40M | 922.97M | 913.69M | 708.27M | 646.41M | 734.95M |
| Cash, Cash Equivalents and Short-Term Investments | 60.97M | 40.75M | 23.97M | 20.02M | 19.16M | 37.74M |
| Total Debt | 167.79M | 230.09M | 139.00M | 13.14M | 42.45M | 4.10M |
| Total Liabilities | 207.06M | 283.31M | 225.33M | 38.89M | 66.95M | 36.19M |
| Stockholders Equity | 613.28M | 639.67M | 688.36M | 669.38M | 579.46M | 698.76M |
Cash Flow | ||||||
| Free Cash Flow | 12.74M | -18.56M | 12.33M | 8.60M | 28.66M | -7.73M |
| Operating Cash Flow | 13.39M | -17.82M | 13.04M | 9.35M | 29.54M | -7.64M |
| Investing Cash Flow | 7.65M | -3.71M | -104.45M | 48.67M | -57.67M | -47.00M |
| Financing Cash Flow | -9.27M | 12.89M | 95.35M | -57.16M | 9.56M | 74.00M |
Deutsche Beteiligungs Technical Analysis
Positive
25.55
Price Trends
24.99
Positive
25.06
Positive
24.73
Positive
Market Momentum
0.09
Negative
59.47
Neutral
83.51
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For DE:DBAN, the sentiment is Positive. The current price of 25.55 is above the 20-day moving average (MA) of 24.94, above the 50-day MA of 24.99, and above the 200-day MA of 24.73, indicating a bullish trend. The MACD of 0.09 indicates Negative momentum. The RSI at 59.47 is Neutral, neither overbought nor oversold. The STOCH value of 83.51 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for DE:DBAN.
Deutsche Beteiligungs Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
78 Outperform | €192.46M | 3.60 | 15.86% | 5.53% | 0.49% | 38.41% | |
61 Neutral | €668.63M | 0.68 | 4.72% | 6.77% | 14.56% | ― | |
58 Neutral | €479.53M | -5.40 | 3.88% | 4.99% | -41.23% | -108.85% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
55 Neutral | €85.91M | 2.93 | 20.85% | 3.71% | -29.22% | ― |
* General Sector Average
DE:DBAN
Deutsche Beteiligungs
25.50
-0.39
-1.51%
DE:MPCK
MPC Munchmeyer Petersen Capital AG
5.46
0.67
13.99%
DE:B7E
Blue Cap AG
19.15
3.95
25.99%
DE:MUX
Mutares SE & Co. KGaA
26.10
-3.73
-12.50%
DE:B8A
BAVARIA Industries Group AG
110.00
32.00
41.03%
DE:SVE
Shareholder Value Beteiligungen AG
72.50
-8.00
-9.94%
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.